Understanding MVRV Z-Score
Learn how the Market Value to Realized Value ratio helps identify overvalued and undervalued conditions in Bitcoin and crypto markets.
What is MVRV Z-Score?
The MVRV Z-Score compares a cryptocurrency's market capitalization to its realized capitalization. It identifies periods when the asset is significantly over or undervalued relative to its fair value.
How Does It Work?
When the Z-Score is high (typically above 7), the market is overheated — historically a good time to sell. When low (below 0.1), the asset is undervalued — historically a good time to accumulate.
How We Use It
MVRV Z-Score is the highest-weighted component (15%) in our Value Score algorithm. It provides the strongest signal for long-term value assessment.
Z > 7
Overheated / Sell Signal
Z < 0.1
Undervalued / Buy Signal
Current Top 5 Coins by MVRV Z-Score
How our algorithm currently scores the leading crypto assets on the "MVRV Z-Score" component. Higher = stronger undervaluation signal on this single dimension.
Worked Example
Dogecoin (DOGE) leads with a MVRV Z-Score value of 95/100. On this single dimension, Dogecoin currently shows a clear undervaluation signal. Click Dogecoin above to see the full score breakdown across all 10 metrics.